Northern Miner Indices (March 08, 2004)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM…
News
Study offers bright snapshot of Oyu Tolgoi
An independent scoping study has concluded that Ivanhoe Mines’ (IVN-T) Oyu Tolgoi copper-gold project in southern Mongolia has sufficient and rich-enough mineralization to warrant mining.The study eva…
Eurasian Minerals spreads wings in Kyrgyzstan and Turkey
Vancouver — With $3.9 million in its coffers, Eurasian Minerals (EMX-V) has picked up three mineral exploration licences totalling 5,125 sq. km in Kyrgyzstan, as well as the Sisorta high sulphidation…
African Gold Group zeroes in on Ghana
Four of the men who helped create gold junior Banro (BNR-V) in the mid-1990s have regrouped for a grassroots venture in Ghana under the banner African Gold Group, which will soon begin trading as a ti…
San Gold, Gold City team up to buy Bissett mine
The Bissett gold mine, north of Winnipeg, Man., is about to change hands yet again.South Africa’s Harmony Gold Mining (HMY-N) has inked a deal to sell the project to San Gold Mining (SGR-V), a junior …
Placer Dome eyes US$2.2-billion gold project pipeline
Vancouver — Maintaining production levels following a period of rapid growth is never easy, but with four major gold deposits sitting in its property pipeline, Placer Dome (PDG-T) aims to do just tha…
Suppliers Roundup (March 08, 2004)
ALS expands in South AfricaALS Chemex is preparing to open a new, full-service lab in Johannesburg.The lab will service the growing need for sample analysis in Africa and help ALS Chemex expand its pr…
Gold gives Nicaragua much-needed boost
Few countries have as sad a tale to tell as Nicaragua. Ravaged by a decade of civil war and strangled by a U.S. trade embargo in the 1980s, her economy was just beginning to recover when Hurricane Mit…
Agnico-Eagle’s gold reserves approach 8 million oz. (March 08, 2004)
A year of furious drilling has allowed Agnico-Eagle Mines (AGE-T) to nearly double reserves to 7.9 million oz. gold at the LaRonde mine and nearby Lapa and Goldex exploration properties in northwester…
Trans Am drills for gold
A bitterly cold winter has slowed, but not stopped, plans by Trans America Industries (TSA-V) to drill targets in the Lynn Lake gold camp of Manitoba.The Vancouver-based junior holds 26 contiguous cla…
Kimber aims to advance Carmen to feasibility
Stronger precious metals prices have re-ignited interest in Mexico’s Sierra Madre gold-silver belt, and among the beneficiaries is Kimber Resources (KBR-V), which plans to complete a feasibility study…
Noranda takes another kick at the can in Bathurst
With a little encouragement from a province anxious to secure its mining future, Noranda (NRD-T) has sent an exploration team back to northern New Brunswick to investigate the 50-year-old Bathurst bas…